Direct Shares definition
Examples of Direct Shares in a sentence
During the term of this Agreement, Stockholder shall vote all of the Direct Shares, Indirect Shares and Voting Trust Shares in favor of the Merger Agreement and the Merger at the Stockholders Meeting and at any adjournment of the Stockholders Meeting.
Nothing in this Voting Agreement shall be considered to vest in Parent or MergerSub any direct or indirect ownership or incidence of ownership of any of the Direct Shares, Indirect Shares, Voting Trust Shares or Irrevocable Trust Shares.
Sens has agreed to resign as an executive officer and director of the Company and to return the Direct Shares and Indirect Shares to the Company for cancellation and return to treasury.
In addition, the Company is concurrently offering up to 270,000 shares of Common Stock (the "Direct Shares") directly to certain employee participants in the Company's Profit Sharing and Savings Plan pursuant to a separate prospectus included in the Registration Statement (as defined below).
Such opinion shall include a legal opinion regarding the sale of the Direct Shares, including compliance with applicable securities laws, provided that such legal opinion may be a “pass-through” opinion, reasonably satisfactory to Underwriters’ Counsel, provided to Johnson, Pope, ▇▇▇▇▇, ▇▇▇▇▇▇ & ▇▇▇▇▇, LLP.
He directly owns 493,983 shares of Company Common Stock, par value $0.01 per share (the "Direct Shares"), and is the sole stockholder, director and officer of RPS Investments, Inc.
In no event shall the Issuer include any securities other than Registrable Securities and the Registered Direct Shares on any Registration Statement without the prior written consent of the Lead Investor.
Sens presently owns 14,650,000 shares of common stock of the Company of which 4.650,000 shares are owned directly by Sens (the "Direct Shares") and 10,000,000 shares of common stock are owned by ▇▇▇▇▇▇▇▇▇ Holdings Inc.
Should the Company release, or seek to release, from such restrictions any of the Reserved Securities or Direct Shares, the Company agrees to reimburse the Underwriters for any reasonable expenses (including, without limitation, legal expenses) they incur in connection with such release.
ITAÚSA may freely dispose of, encumber or burden the Direct Shares, at any time and to any individual, company or entity, wholly or in part.